Arizona State Retirement System Purchases 12,213 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Arizona State Retirement System raised its position in Kosmos Energy Ltd. (NYSE:KOSGet Rating) by 11.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,153 shares of the oil and gas producer’s stock after acquiring an additional 12,213 shares during the quarter. Arizona State Retirement System’s holdings in Kosmos Energy were worth $878,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in Kosmos Energy by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,465,322 shares of the oil and gas producer’s stock valued at $18,911,000 after acquiring an additional 334,877 shares during the period. ProShare Advisors LLC increased its position in Kosmos Energy by 88.8% in the fourth quarter. ProShare Advisors LLC now owns 98,033 shares of the oil and gas producer’s stock worth $339,000 after buying an additional 46,102 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Kosmos Energy by 194.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 588,696 shares of the oil and gas producer’s stock worth $2,037,000 after buying an additional 388,482 shares in the last quarter. Lonestar Capital Management LLC purchased a new stake in Kosmos Energy in the fourth quarter worth about $5,536,000. Finally, qPULA Trading Management LP purchased a new stake in Kosmos Energy in the fourth quarter worth about $50,000. Institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

KOS has been the subject of a number of analyst reports. Barclays upped their price target on Kosmos Energy from $6.50 to $11.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 6th. Berenberg Bank cut Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Monday, June 13th. The Goldman Sachs Group increased their target price on Kosmos Energy from $8.00 to $9.50 and gave the stock a “buy” rating in a research report on Tuesday, April 5th. Finally, StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

Insider Activity at Kosmos Energy

In related news, Director Roy A. Franklin sold 20,732 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $7.10, for a total transaction of $147,197.20. Following the completion of the transaction, the director now directly owns 52,009 shares of the company’s stock, valued at $369,263.90. The sale was disclosed in a filing with the SEC, which is available through this link. 1.67% of the stock is owned by corporate insiders.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock opened at $6.32 on Wednesday. The stock has a 50 day moving average of $6.59 and a 200 day moving average of $6.22. Kosmos Energy Ltd. has a 12 month low of $1.80 and a 12 month high of $8.48. The firm has a market cap of $2.88 billion, a PE ratio of 632.00 and a beta of 2.89. The company has a current ratio of 0.85, a quick ratio of 0.69 and a debt-to-equity ratio of 4.45.

Kosmos Energy (NYSE:KOSGet Rating) last announced its quarterly earnings results on Monday, May 9th. The oil and gas producer reported $0.30 EPS for the quarter. Kosmos Energy had a return on equity of 36.26% and a net margin of 0.79%. The company had revenue of $659.07 million during the quarter. During the same period in the previous year, the company posted ($0.08) earnings per share. On average, research analysts expect that Kosmos Energy Ltd. will post 1.09 EPS for the current fiscal year.

About Kosmos Energy

(Get Rating)

Kosmos Energy Ltd., a deep-water independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company's primary assets include production offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal.

Further Reading

Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

Want More Great Investing Ideas?

Receive News & Ratings for Kosmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kosmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.